$107K  
A three-week rough patch for the overall sales trend continues in the 22851 zip code market, with number of sales staying even at one over the last 30 days. The median sales price in the 22851 zip code stayed put this week at $265,000. The 22851 zip code is a strong buyer's market with 21 months of inventory to choose from, aided by the downturn in sales.
Comments:

$375K  
22851 is a larger than average zip code in Virginia with 6,138 residents. Also, it has seen a 7.5% increase in population over the last 10 years. The 22851 zip code market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area.
Comments:

$107K  
The 22851 zip code market saw zero homes go under contract and failed to break out of an extended downward trend. Along with that, total home sales fell to one over the last 30 days. The median sales price rose dramatically to $265,000, up from last week's $201,500. The 22851 zip code is a solid buyer's market, due to a downward trend in contracts numbers and 22 months of inventory remaining.
Comments:

$107K  
With two homes sold in the 22851 zip code market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with one new listing for buyers to choose from. The median sales price jumped to $201,500 over the latest reporting period for the 22851 zip code, up from $105,750. Along with flat sales, a relatively high 12 months of inventory indicates that the 22851 zip code is a definite buyer's market.
Comments:

$107K  
The 22851 zip code market broke below its 12-month average sales volume this week as sales fell 33.3% to hit two homes sold over the last 30 days. On the other hand, the close-by 22835 zip code registered 15 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $105,750, extending a four-week long spiral. With prices falling, the availability of 12 months of inventory means that the 22851 zip code is a solid buyer's market.
Comments:

$310K  
Over the last 30 days, the 22851 zip code market had a decrease in home sales with three. Furthermore, the amount of pending transactions continued to decline, with a total of zero contracts during the same period. The median sales price remained unchanged over the latest reporting period for the 22851 zip code, coming in at $73,500. The 22851 zip code is a definite buyer's market, due to a downward trend in contracts numbers and eight months of inventory remaining.
Comments:

$595K  
The 22851 zip code market has established a new upward trend, even as sales fell 28.6% this week to five homes over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. As sales trended higher, months of inventory continued to fall, trending downwards for four weeks to reach four months.
Comments:

$375K  
The 22851 zip code has a population that is older than most in Virginia with a median age of 40 years. Also, it's less affluent than average with a median income of $39,916 per household. With an ownership ratio of 59.3%, most people in the 22851 zip code are homeowners.
Comments:

$595K  
The 22851 zip code market might be cooling in the coming weeks. Sales stayed steady at seven homes sold over the last 30 days, but there is an established downward trend in the number of new listings, with one going live in the same time frame. The median sales price remained unchanged over the latest reporting period for the 22851 zip code, coming in at $155,000. With only three months of inventory to sell, the 22851 zip code is a seller's market, in spite of the flat sales.
Comments:

$375K  
Price reductions have decreased in the 22851 zip code market, reaching a low that hasn't been seen since February. With the market tightening, there were seven homes sold over the last 30 days. In comparison, 22835 led all other nearby zip codes with 14 price reductions. The median sales price dropped to $155,000 over the latest reporting period for the 22851 zip code, down from $167,350. With just three months of inventory available and sales going up, the 22851 zip code is a seller's market.
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